Alan Tsen

Neobank 86 400 to be acquired by NAB in $220 million deal

NAB is buying neobank 86 400 for roughly $220 million, folding it into UBank, shortly after rival Xinja said it would quit banking, leaving fewer independent Australian neobanks standing.

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THE FINNIES: Here are the best fintech businesses in Australia

Afterpay, Airwallex and Up Bank took major prizes at the 2019 Finnie awards in Melbourne; Airwallex's $141 million raise won biggest raise and Liberty's purchase of MoneyPlace took deal of the year.